The Principal Argument Against Comparable Worth Is That

question 51

Multiple Choice

The principal argument against comparable worth is that:

• A)men and women differ largely in terms of their productivities.
• B)market does not function correctly and leads to inefficient allocation of resources.
• C)market allocates scarce resources to their most highly valued uses in the most efficient manner.
• D)demand and supply do not allocate workers to where they are needed the most.
• E)legislation by the government are often appropriate as it processes all the available information correctly.

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Definitions:

Note Payable

A written promise to pay a specified amount of money, usually with interest, at a future date, classified as a liability on the balance sheet.

Cash

Money in the form of currency that can include bank notes and coins, available for transactions and investments.

Present Value

The value, as of now, of a forthcoming amount of money or cash flows over time, determined using a designated rate of return.

Maturity Value

The amount of money that will be paid out or received at the maturity of an investment, loan, or financial instrument.